Shake Shack Inc.(SHAK), a restaurant chain, said on Tuesday that its Chief Financial Officer, Katherine Fogertey, will step down with effect from March 4, 2026.
The company now plans to launch a search for a new CFO immediately.
In addition, the company has reaffirmed its fourth-quarter and annual revenue outlook.
For the final quarter, Shake Shack still expects revenue of $406 million to $412 million. On average, analysts polled forecast Shake Shack to register revenue of $410.5 million for the fourth quarter. Analysts' estimates typically exclude special items.
For the 12-month period to December 31, Shake Shack continues to anticipate revenue of around $1.45 billion, up approximately 16% year-over-year. Analysts, on average, project the restaurant chain to record revenue of $1.45 billion for the full year.
For the full year, the company still expects adjusted EBITDA of $210 million to $215 million.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.